• About
  • Contcat Us
  • Privacy Policy
Saturday, February 4, 2023
Primenews.com.gh
No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
No Result
View All Result
Primenews.com.gh Logo
No Result
View All Result
Home general news

Tourism industry faces US$1 trillion loss, 100 million jobs at risk from COVID-19, UN Reports

by Justice Kofi Bimpeh
2020-08-27
in general news
Tourism industry faces US$1 trillion loss, 100 million jobs at risk from COVID-19, UN Reports
31
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

A new policy brief from the United Nations outlining Covid-19’s impact on the tourism industry projects the pandemic will cost the tourism industry approximately $1 trillion in losses and threaten more than 100 million jobs worldwide, underlining how the ongoing global crisis has devastated one of the world’s largest industries.

KEY FACTS

International tourist numbers are projected to decline by between 58% and 78% from 2019 to 2020, the UN reports, which would result in a drop of 850 million to 1.1 billion tourists.

READ ALSO

NHIS service tariffs increased by 10%

Gov’t launches ‘1D1F Enable Youth Initiative’ to create 16,000 jobs

The expected loss in export revenues from international tourism is $910 billion to $1.2 trillion; $320 billion has already been lost in the first months of 2020, which is more than three times the loss experienced during the entire 2009 economic crisis.

Approximately one in 10 people worldwide work in the tourism sector, and the impact of the pandemic has put 100 million to 120 million jobs at risk.

The losses in the tourism industry are projected to reduce global GDP by between 1.5% and 2.8%, depending on how long the tourism standstill lasts.

The tourism slowdown is expected to have the most detrimental impact on the world’s least developed countries—particularly in Africa—and small island developing states, where tourism accounts for a higher percentage of their GDP, as well as on the women and young people who make up the highest share of tourism workers.

ADVERTISEMENT

UN Secretary-General António Guterres emphasized the need to rebuild the tourism industry in a way that is “safe, equitable and climate friendly,” and the UN identified five priorities: mitigating the virus’s socio-economic impact, building “resilience” across the tourism value chain, maximizing the use of technology, promoting sustainability and fostering partnerships that will help tourism support goals for sustainable development.

Crucial quote
Tourism “allows people to experience some of the world’s cultural and natural riches and brings people closer to each other, highlighting our common humanity. Indeed, one might say that tourism is itself one of the wonders of the world,” Guterres said Tuesday. “That is why it has been so painful to see how tourism has been devastated by the COVID-19 pandemic.”

Big number
1.5 billion. That’s the number of international tourist arrivals in 2019, in addition to 8.8 domestic tourists worldwide. Prior to the pandemic, the UN notes that the tourism industry had grown faster than the world economy overall for 10 years straight.

Key background
The tourism industry has faced some of the most visible struggles during the Covid-19 pandemic: cruises have become vectors of Covid-19 transmission, airlines have laid off workers and theme parks like Walt Disney World have faced huge losses and become flashpoints for criticism as they’ve reopened amid the pandemic. Polling throughout the pandemic has shown Americans and others worldwide have been hesitant to travel, with a Morning Consult tracking poll released Monday finding only 27% of all U.S. adults would currently feel comfortable going on a vacation and 12% would feel comfortable traveling abroad.

(forbes.com).

Tags: Covid-19TourismUN reports
ShareTweetSend
Previous Post

Newly-signed Southampton defender Mohammed Salisu to wear jersey no. 22

Next Post

Manchester United star Paul Pogba tests positive for coronavirus

Related Posts

NHIS service tariffs increased by 10%
general news

NHIS service tariffs increased by 10%

2023-02-01
Gov’t launches ‘1D1F Enable Youth Initiative’ to create 16,000 jobs
general news

Gov’t launches ‘1D1F Enable Youth Initiative’ to create 16,000 jobs

2022-12-24
Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police
general news

8 money mistakes you shouldn’t make in 2023

2022-12-24
Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police
general news

Bawumia commissions ultra-modern facilities, operational vehicles for Ghana Fire Service

2022-12-24
Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police
general news

Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police

2022-12-24
Databank shuts offices, staff to work from home due to threats
general news

Databank shuts offices, staff to work from home due to threats

2022-12-22
Next Post
Paul Pogba

Manchester United star Paul Pogba tests positive for coronavirus

Volta Region: Residents call on Akufo-Addo to complete several projects as he tours area

Volta Region: Residents call on Akufo-Addo to complete several projects as he tours area

ADVERTISEMENT

TRENDING NEWS IN GHANA

GFA finally secures legal ownership of Ghanaman Soccer Centre of Excellence lands

GFA finally secures legal ownership of Ghanaman Soccer Centre of Excellence lands

2023-01-05
CHAN 2023: Black Galaxies line up friendlies against Algeria, Mozambique

CHAN 2023: Black Galaxies line up friendlies against Algeria, Mozambique

2023-01-05
Jury finds Canadian rapper Tory Lanez guilty of shooting Megan Thee Stallion

Jury finds Canadian rapper Tory Lanez guilty of shooting Megan Thee Stallion

2022-12-24
Gov’t launches ‘1D1F Enable Youth Initiative’ to create 16,000 jobs

Gov’t launches ‘1D1F Enable Youth Initiative’ to create 16,000 jobs

2022-12-24
Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police

8 money mistakes you shouldn’t make in 2023

2022-12-24
Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police

Bawumia commissions ultra-modern facilities, operational vehicles for Ghana Fire Service

2022-12-24
Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police

Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police

2022-12-24
Databank shuts offices, staff to work from home due to threats

Databank shuts offices, staff to work from home due to threats

2022-12-22
Pele

Pele’s cancer has advanced, says hospital

2022-12-22
Justin Bieber

Justin Bieber nears $200 million deal to sell music rights

2022-12-22
ADVERTISEMENT

Must Reads

Bawumia presents $2 million worth of mobile identification devices, Mobile Device Management System to Police

Databank shuts offices, staff to work from home due to threats

Pele’s cancer has advanced, says hospital

Justin Bieber nears $200 million deal to sell music rights

Parliament approves Gender Ministry nominees

Akufo-Addo swears in 15 Appeals Court Justices

About

A Prime Network Limited Website.

Follow us

No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports

©2015 - 2020 Primenews.com.gh

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.